Third annual report on EL 8602, EL 9537, EL 9538, EL 9539, EL 9540 and EL 9758, 24 July 2002 to 23 July 2003, McFarlane Agreement

Abstract

Activities completed during the reporting period include drilling targets generated from the regional sampling program within EL 8602 (Black cat anomaly). Results received from the drilling in the centre of the anomaly were interesting with six intercepts between 0.10 Au and 0.19 ppm Au over 3 and 6 meters. These results correspond with elevated values of arsenic in holes BCAC0035 and BCAC0036 and significant quartz veining. A hole BCAC0037 was drilled over a intercept of 12 m @ 2.7 g/t Au and no elevated arsenic values have been associated with this intercept and no quartz veining was noted. Further work is planned on the licence area. Other work involved data retrieval and tenements maintenance.